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Jan 24, 2013
01/13
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unemployment, and she said she will be working together with cameron 2 stock corporations avoiding taxes. >> two very different approaches, but which went down better at davos? our correspondent has more. >> angela merkel can be joyful and comical. today, she was not. she was serious while cameron was casual, full of british humor, selling himself and his country, he even got applause during his speech, and although most people here criticized sharply his plans for a referendum, he did not say a lot about this topic today. he sold it as his duty to deliver the referendum to the british citizens. in contrast, angela merkel did not try to be entertaining. she emphasized the common interests of britain and the european union, like structural reforms, free trade agreement with the united states, and make europe more competitive, obviously trying to deal with a new conflict as coolly as possible, a strategy that has brought her a lot of success in the last years. thursday was the day of cameron and merkel. now everybody is heading to one of the numerous parties if they have enough energy, and
unemployment, and she said she will be working together with cameron 2 stock corporations avoiding taxes. >> two very different approaches, but which went down better at davos? our correspondent has more. >> angela merkel can be joyful and comical. today, she was not. she was serious while cameron was casual, full of british humor, selling himself and his country, he even got applause during his speech, and although most people here criticized sharply his plans for a referendum, he...
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Jan 28, 2013
01/13
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KCSMMHZ
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they are talking about greater tax equity, a campaign against tax havens and tax evasion'ns, a clawing back against the prices we have seen rising, and more measures to rein in the financial sector. will it be a winning formula? we will have to see what the voters say. >> one of the world's richest man and a philanthropist, bill gates was -- bill gates, was there. what did he have to say? , he pointed out that germany, like many other european economies -- >> he pointed out that germany, like many other european countries, as failed in its pledge to contribute 0.7% of gross thomistic product to development programs. >> we will be back in one minute. >> welcome back. more trouble for angela merkel 's coalition partners, the free democrats. in addition to lagging in the opinion polls, now they are facing allegations of sexism. >> the parties lead candidate in this autumn's elections, rainer bruderle, is accused of making inappropriate comments to a female journalist. >> the case has triggered a national debate on how sexism persists in german society. >> rainer bruderle is not talking to
they are talking about greater tax equity, a campaign against tax havens and tax evasion'ns, a clawing back against the prices we have seen rising, and more measures to rein in the financial sector. will it be a winning formula? we will have to see what the voters say. >> one of the world's richest man and a philanthropist, bill gates was -- bill gates, was there. what did he have to say? , he pointed out that germany, like many other european economies -- >> he pointed out that...
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Jan 30, 2013
01/13
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KCSMMHZ
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he hopes in particular to ease the tax burden on export-driven businesses. >> we are going to implement structural reforms with even greater force and adopt new measures to stimulate growth. our priority is to reduce youth unemployment, and we are already cooperating with unions and businesses to achieve this. >> there's mounting frustration on the streets. unemployment in the country has risen to 26%. half of young people are out of work. but the eu has signaled it is willing to relax rules on spain, which could help soften the austerity measures apparently crippling the country. >> germany may be about to drop its objections to bailing out cyprus. despite misgivings about reports of money laundering by the island's thanks. >> a number of politicians in germany have accused separate banks of holding significant illegal deposits with russian money, something they deny. they had threatened to refuse to finalize a bailout unless the country clean up -- clint of its act, but berlin is reported to have relented after pressure from other eurozone countries. cyprus needs about 17.5 billion eu
he hopes in particular to ease the tax burden on export-driven businesses. >> we are going to implement structural reforms with even greater force and adopt new measures to stimulate growth. our priority is to reduce youth unemployment, and we are already cooperating with unions and businesses to achieve this. >> there's mounting frustration on the streets. unemployment in the country has risen to 26%. half of young people are out of work. but the eu has signaled it is willing to...
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Jan 28, 2013
01/13
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officials estimate tax revenues will top $473 billion. that's slightly higher than the $470 billion they expect to bring in through new government bonds. it would be the first time in four years that tax revenue exceeded the amount of new bonds. >>> members of abe's cabinet will approve those draft budgets on tuesday. >>> now let's get a check on japan's markets. nikkei closed sunday at a 1% high. and the dow jones industrial average ending the week with more than a 5% high. with remarks about how the market is reacting, we have ramin mellegard at the tokyo stock exchange. walk us through some of the key events. >> a lot of key events this week. good morning to you, ai. not only will we get a continuation of the earnings in u.s. this week, but also here in japan we'll get a stream of earnings reports starting as well. it's going to be very interesting to see how the weakening of the yen will play into those numbers. let's have a look at the opening levels on this monday, january 28. the nikkei 10,948. it actually hit 11,000 at one point,
officials estimate tax revenues will top $473 billion. that's slightly higher than the $470 billion they expect to bring in through new government bonds. it would be the first time in four years that tax revenue exceeded the amount of new bonds. >>> members of abe's cabinet will approve those draft budgets on tuesday. >>> now let's get a check on japan's markets. nikkei closed sunday at a 1% high. and the dow jones industrial average ending the week with more than a 5% high....
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tax code stated that it pasty would only be taxed if it was sold at above ambient temperatures critics say the system is simply too chaotic britain has one of the most complex times. they kill jobs increases prices and it lowers wages so the time when families are struggling with the roys in cost of living the idea so many tax increases will really make life difficult for them it's clear that the british government is in desperate need of cash to deal with the dismal public finances which means that by trimming a little bit of tax hair. and adding more tax burden that by twenty fifteen the u.k. treasury papes to get an extra eighty four billion pounds in tax compared with the year before they came to power but critics say that once again it's the british public which ends up out of pocket. london. well later this hour and say herbert focus on the british government and the tricks used to distract the public's attention from its financial mishandling. the chairman of web giant google has set out his vision for the future of the internet in a gloomy forecast eric schmidt suggests people'
tax code stated that it pasty would only be taxed if it was sold at above ambient temperatures critics say the system is simply too chaotic britain has one of the most complex times. they kill jobs increases prices and it lowers wages so the time when families are struggling with the roys in cost of living the idea so many tax increases will really make life difficult for them it's clear that the british government is in desperate need of cash to deal with the dismal public finances which means...
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tax code stated that it pasty would only be taxed if it was sold at above ambient temperatures critics say the system is simply too chaotic it's clear that the british government is in desperate need of cash to deal with the dismal public finances which means that by trimming a little bit of tax hair and adding more tax burden that by twenty fifteen the u.k. treasury hopes to get an extra eighty four billion pounds in tax compared with the year before they came to power but critics say that once again is the british public which ends up out of pocket. artsy london or later today max kaiser focus on the british government and the tricks used to distract the public's attention from its financial mishandling. the chairman of web giant google has set out vision for the future of the internet in a gloomy forecast eric schmidt suggests people's online idea could be taken hostage in an online fourth kidnapping are going off as more. the image of a human future liberated by technology and to hunger teleportation and so on just got a reality those from a guy who knows eric schmidt who is worth
tax code stated that it pasty would only be taxed if it was sold at above ambient temperatures critics say the system is simply too chaotic it's clear that the british government is in desperate need of cash to deal with the dismal public finances which means that by trimming a little bit of tax hair and adding more tax burden that by twenty fifteen the u.k. treasury hopes to get an extra eighty four billion pounds in tax compared with the year before they came to power but critics say that...
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Jan 26, 2013
01/13
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CNNW
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because static, when you raise taxes, that additional taxes because of the cliff deal, that adjusts the baseline. that is going to make the numbers look somewhat differently. right? and we veal to make some choices, no question about it. but we have committed to putting a budget out there that will actually bring it to balance within ten years. >> there's fot got sob some big change -- >> we haven't seen the numbers yet but i'm telling you this added baseline adjustment, because of the revenues, because you're statally scoring it, is going to have an effect.ically s going to have an effect. there are things we've got to do. you cannot keep spending this kind of money, and it's driven by the health care costs coupled with the demographics. we've got to do something to control it. >> right. >> i think most people would say -- >> but there are proposals out there. paul ryan had them. the republicans couldn't get behind that either. the fact is nobody seems to want to own up to a budget that is going to hurt. there's no solution that's not going to hurt. >> the ryan budget, the last one, di
because static, when you raise taxes, that additional taxes because of the cliff deal, that adjusts the baseline. that is going to make the numbers look somewhat differently. right? and we veal to make some choices, no question about it. but we have committed to putting a budget out there that will actually bring it to balance within ten years. >> there's fot got sob some big change -- >> we haven't seen the numbers yet but i'm telling you this added baseline adjustment, because of...
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we also had british leader david cameron he came here he had some tough words to say for tax avoiders but really the only topic people wanted to press him on here was the father he will be calling an e.u. referendum for the british public in twenty seven table the business community here they felt that that was a grammar announcement and that it would do the economy no good already challenge and in a fragile situation with dismal growth figures just released europe was of course in the spotlight as predicted we had european central bank president mario did r.k. he said that spending cuts are necessary of certainty is the way forward and german chancellor angela merkel she agreed with him she reiterated that and this really comes the same way that we've had a process ongoing in greece we've had a backlash in germany as well as spain's unemployment for the youth coming out at sixty percent we also have the prayers from the arab world they came together valiant to improve the future for the people in the region but no clear strategy on on how to do that so you know i can tell you there's
we also had british leader david cameron he came here he had some tough words to say for tax avoiders but really the only topic people wanted to press him on here was the father he will be calling an e.u. referendum for the british public in twenty seven table the business community here they felt that that was a grammar announcement and that it would do the economy no good already challenge and in a fragile situation with dismal growth figures just released europe was of course in the...
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Jan 24, 2013
01/13
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CSPAN2
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he said we need more taxes and we will back asking for more taxes later. so is nearly as we can tell based on what he has said the taxes he would like to add to the ones he got in the operation of law to a half weeks ago is this light line right across here. so if the president were given all the tax increases he says that the moment he wants that would provide this amount of revenue going out to 2040. as you can see madam president that doesn't do anything to solve the problem because they read here represents spending in the past and the spending escalation that will occur if we don't do anything to solve the spending problem. look at this line. dramatically going up to 2040. so as you can see there is not enough revenue you can raise without completely shutting down the economy. and solve the problem. in fact it produces a static and totally insignificant amount of revenue in order to deal with the massive spending problem. so this constant demand for more and more tax increases on what i guess people say are the more successful guy down the street may
he said we need more taxes and we will back asking for more taxes later. so is nearly as we can tell based on what he has said the taxes he would like to add to the ones he got in the operation of law to a half weeks ago is this light line right across here. so if the president were given all the tax increases he says that the moment he wants that would provide this amount of revenue going out to 2040. as you can see madam president that doesn't do anything to solve the problem because they...
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Jan 28, 2013
01/13
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CSPAN2
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policymakers who believe in structural reforms, privatization, tax reforms, budget cuts, labor mobility, and they need to be competitive both internally and externally. if you don't have, if you don't have plans like that you will not get them back to growth anytime soon. so it's very, very important that you do that. seven, the point is the private sector. and i think this is a problem. because at the beginning there was no interest in the case of greece and some of these other countries involved in the private sector. and, in fact, it was a when things got so bad that greece called upon the private sector with the european union. the european central bank and the international monetary fund, to really get the private sector involved. and there you had a big haircut that could've been dealt with earlier. it would have been as bad and now they just have to do another debt buyback problem, operation, which is still a problem. so i think the idea getting the private sector involved early on, and we show this both in latin america and asia, the asian financial crisis. korea has been a good
policymakers who believe in structural reforms, privatization, tax reforms, budget cuts, labor mobility, and they need to be competitive both internally and externally. if you don't have, if you don't have plans like that you will not get them back to growth anytime soon. so it's very, very important that you do that. seven, the point is the private sector. and i think this is a problem. because at the beginning there was no interest in the case of greece and some of these other countries...
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Jan 24, 2013
01/13
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CSPAN2
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as you can see, even if you have got all the tax increases, the president got all the tax increases that he wanted, this represents this line right here, it still doesn't come anywhere close to dealing with the spending that is going to explode in the out years if we don't do something to reign that in by reforming many of these programs that i just mentioned. if we're going to save and protect social security and medicare for future generations, we have to reform those programs in a way that doesn't create this huge red line that spikes into the future and literally bankrupts the country. in fact, social security ran a cash deficit in 2010. medicare, we're told by the actuaries, will be insolvent by the year 2024, and in fact in the hospital portion of the medicare trust fund we're told may be insolvent by the year 2016. so these are important dates to remember, because those are the dates at which the revenue coming in from the payroll taxes that support social security and medicare no longer pay for the benefits that are paid out to beneficiaries. and so, you know, we have got this so
as you can see, even if you have got all the tax increases, the president got all the tax increases that he wanted, this represents this line right here, it still doesn't come anywhere close to dealing with the spending that is going to explode in the out years if we don't do something to reign that in by reforming many of these programs that i just mentioned. if we're going to save and protect social security and medicare for future generations, we have to reform those programs in a way that...
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Jan 26, 2013
01/13
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KQED
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the chance of us getting tax reform are mines call. so well he probably find a mediocre fix for the reconciliation, budget stuff. but we'll spend relative little time on big stuff. i think judging still by the inauguration, he's thinking the long-term. he's thinking the republican party is extraordinarily weak. i'm going to try to go around the country and try to build a new majority on pretty liberal terms. and it's not about passing legislation over the next four years. it's been really weakening the other side and building up my stuff. >> what do you think, speaking of the republicans, here they are meeting. they are having their annual meeting in charlotte. and we've talked about this too. their weakness, you just mentioned it again. they're trying to figure out how their position going forward. >> i do think the president at least implicitly and tacitly recognized the states that he made in the first term. i think the emphasis, reappointment of richard corddry and mary jo white at the securities and exchange mission san acknowledg
the chance of us getting tax reform are mines call. so well he probably find a mediocre fix for the reconciliation, budget stuff. but we'll spend relative little time on big stuff. i think judging still by the inauguration, he's thinking the long-term. he's thinking the republican party is extraordinarily weak. i'm going to try to go around the country and try to build a new majority on pretty liberal terms. and it's not about passing legislation over the next four years. it's been really...
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Jan 24, 2013
01/13
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CNBC
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avoidance, sort of global tax avoidance issue? >> no, i did not. i'll stay quiet on that one. >> the other big topic here, energy. >> yes. >> and in particular, the u.s. energy situation, shale, fracking, et cetera, you bullish, you bearish, where do you think we really are? i mean people have prognosticated for now awhile that we were going to get there but doesn't seem like we're there. >> andrew, i think it is the bull case for the world. so to answer your question, i'm billish. and i think it's a game changer. and i think it is probably the story of global economic recovery if handled right. and frankly, the beneficiaries of that will be the u.s. consumer. u.s. jobs. i mean just in the downstream value added industries which i'm a part of $96 billion of investment already announced. 5 million new jobs over the next five years. huge value adder to a low-cost energy base. >> i don't know if you saw the president's inauguration speech. >> i caught part of it. >> do you feel that this administration, and forget about the administr
avoidance, sort of global tax avoidance issue? >> no, i did not. i'll stay quiet on that one. >> the other big topic here, energy. >> yes. >> and in particular, the u.s. energy situation, shale, fracking, et cetera, you bullish, you bearish, where do you think we really are? i mean people have prognosticated for now awhile that we were going to get there but doesn't seem like we're there. >> andrew, i think it is the bull case for the world. so to answer your...
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Jan 25, 2013
01/13
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WJZ
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the chance of us getting tax reform are mines call. so well he probably find a mediocre fix for the reconciliation, budget stuff. but we'll spend relative little time on big stuff. i think judging still by the inauguration, he's thinking the long-term. he's thinking the republican party is extraordinarily weak. i'm going to try to go around the country and try to build a new majority on pretty liberal terms. and it's not about passing legislation over the next four years. it's been really weakening the other side and building up my stuff. >> what do you think speaking of the republicans here they are meeting. they are having their annual meeting in charlotte. and we've talked about this too. their weakness, you just mentioned it again. they're trying to figure out how their position going forward. >> i do think the president at least implicitly and tacitly recognized the states that he made in the first term. i think the emphasis reappointment of richard corddry and mary jo white at the securities and exchange mission san acknowledgmen
the chance of us getting tax reform are mines call. so well he probably find a mediocre fix for the reconciliation, budget stuff. but we'll spend relative little time on big stuff. i think judging still by the inauguration, he's thinking the long-term. he's thinking the republican party is extraordinarily weak. i'm going to try to go around the country and try to build a new majority on pretty liberal terms. and it's not about passing legislation over the next four years. it's been really...